Monthly archives: August 2023

Ripple Labs is addressing the U.S. Securities and Exchange Commission (SEC) and calling out the regulatory agency for what the firm says is inconsistent enforcement actions. In its Q2 2023 XRP Markets Reports, Ripple Labs slams the SEC, saying that its policies never actually protect consumers given the regulator was absent during FTX’s high profile …

Continue reading “Ripple Calls Out SEC for Missing FTX Debacle, Says Regulator Repeatedly Hurting Retail Investors”

Twitter Help warns that other users may still be able to tell if they’re a subscriber. News Join us on social networks X users who subscribe to the “Blue” service now have the option to hide their check mark, according to a recently updated Twitter Help article.  Owner Elon Musk had previously warned that he …

Continue reading “Subscribers on X (formerly Twitter) can hide their blue check marks now”

Yes, Metcalfe’s Law can help explain Bitcoin’s price formation — to some extent. It is relevant to Bitcoin since it implies that the value and utility of the Bitcoin network rise exponentially with its number of users and participants (holders, investors and traders). The adoption of Bitcoin has been accompanied by a positive feedback cycle …

Continue reading “What is Metcalfe’s Law, and why does it matter?”

PArSEC — short for “parallelized architecture for scalably executing smart contracts” — runs on the ERC-20 standard, so it could have other applications, too. News Join us on social networks The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental PArSEC platform. PArSEC — short for “parallelized architecture for scalably executing …

Continue reading “MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform”

NFT company Yuga Labs is set to acquire a metaverse-building startup to advance its Otherside metaverse project. Newsletter Join us on social networks In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made …

Continue reading “Art, history and Bruce Lee in the metaverse, food brands use NFTs: Nifty Newsletter”

The issuer of the Tether (USDT) stablecoin says its excess reserves have increased by hundreds of millions of dollars in the second quarter of 2023. Tether Holdings says that its total excess reserves increased by approximately 35% to $3.3 billion in the second quarter. “In a continuation of Tether’s public commitment towards openness, it also …

Continue reading “Tether Excess Reserves Shatter $3,000,000,000 As Stablecoin Issuer Uses Profits To Back USDT”

Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022. News Join us on social networks The United States Department of Justice is reportedly considering charging cryptocurrency exchange Binance with fraud, but hesitating based on costs to …

Continue reading “US DoJ is concerned about a run on Binance should prosecutors bring fraud charges: Report”

Cointelegraph Accelerator participants will get a headstart with Consensys’ Web3 solutions, including MetaMask, Infura and Linea zkEVM. СT Accelerator Join us on social networks The transition from Web2 to Web3 is reshaping the technology landscape and attracting the attention of developers. Despite the challenges faced during the current crypto winter, the Web3 ecosystem continued to …

Continue reading “Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator”

A crypto bill signed into law in 2022 paved the way for the Ukrainian government to amend its tax code, but local exchanges still largely operate outside this framework. News Join us on social networks According to data provided by the Ukrainian government, cryptocurrency exchanges offering services in the country have failed to contribute more …

Continue reading “Ukrainian government reports $81M tax loss from unregulated crypto exchanges since 2013”

Space and Time launches zero-knowledge proof tool for its decentralized database platform. News Join us on social networks Decentralized Web3 data service Space and Time has tapped into zero-knowledge proof (ZK-proof) technology to cryptographically verify information queries within its ecosystem. The company’s proprietary Proof of SQL allows the platform to generate a SNARK cryptographic proof of a …

Continue reading “Decentralized Web3 data service taps ZK-proofs for tamper-proof SQL queries”